October 2017, Monthly Results
Financial
In October, 2017 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 34 396 000 which represents an increase by 27.80 % compared to the consolidated net sales revenues generated in October, 2016.
The summarized data for the ten months of 2017 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 266 329 000 which represents an increase by 29.10 % compared to the consolidated net sales revenues for the same period of 2016.
The generated net sales revenues for the ten months of 2017 in the amount of BGN 266 329 000 are allocated as follows:
| Production | BGN 241 044 000 |
| Products | BGN 5 956 000 |
| Services | BGN 2 003 000 |
| Other | BGN 17 326 000 |
The generated consolidated profit before taxes of the companies in the economic group of Monbat AD for October, 2017 is BGN 2 938 000 which represents a profit decrease by 3.50 % compared to the generated consolidated profit before taxes for October, 2016.
The summarized data for the ten months of 2017 show that the companies in the economic group of Monbat AD have generated profit before taxes in the amount of BGN 29 825 000, which represents a profit increase by 21 % compared to the generated consolidated profit before taxes for the same period of 2016.
In October, 2017 the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 4 398 000 which represents a decrease by 4.80 % compared to the achieved in October, 2016.
The summarized data for the ten months of 2017 show that the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 43 538 000 which represents an increase by 15.70 % compared to the same period of 2016. The summarized data for the ten months of 2017 include the financial impact of the acquisition of EAS Batteries Gmbh and MNP Gmbh.
The acquisition of these two companies was treated in the consolidated statements of Monbat AD as of 30 September 2017 as a business combination within the meaning of IFRS 3.
The effect of the business combination reflected in the consolidated financial statements of Monbat AD as of 30.09.2017 was: increase in Other incomes to the amount of BGN 3 905 000, increase in EBITDA and the generated profit before taxes in the amount of BGN 3 905 000.
The generated financial results after the acquisition of the companies, besides the effect of the initial financial treatment under IFRS 3, that have affected the summarized data for the ten months of 2017 are a decrease in EBITDA and in the generated profit before taxes in the amount of BGN 1 169 000.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com